I just received the Insurance Premium Quote and General Commercial Liability from this Insurance company. In the last page they claim that their company is not licensed by the state of California (nonadmitted or surplus line).
It says: "The Insurer is not subject to the financial solvency regulation and enforcement which applies to California Licensed Insurers. The Insurer does not participate in any of the insurance guaranteed funds created by California Law. Therefore these funds can not pay your claims or protect your assets if the insurer becomes insolvent and is unable to make payments as promised".
So I checked the www.insurance.ca.gov and this guys are there, as active. However, should I trust them? What this notice exactly mean?